This market research report presents a detailed segmentation of the global aviation actuation systems market based on systems (electric, hydraulic, and pneumatic actuators) and geography (Americas, APAC, and EMEA). It also includes an insightful analysis of the leading vendors in this market, including Honeywell, Moog, Parker Aerospace, Rockwell Collins, and UTC Aerospace Systems.
Technavio’s market research analysts estimate the global aviation actuation systems market, to grow at a CAGR of around 5% between 2016 and 2020. Increase in air traffic and the growing number of commercial aircraft has boosted the procurement of actuation systems. APAC is the largest market for aviation actuation systems, owing to growth in air traffic and an increase in the number of commercial aircrafts in the region.
The new market research report from Technavio provides a breakdown and analysis of the aviation actuation systems segments by technology.
“The introduction of the automatic ground control avoidance system (Auto-GCAS) is one of the latest trends in this market. This collision avoidance system enhances the safety of an aircraft by monitoring its position and by calculating its distance from the ground in real time. The ability of the Auto-GCAS system to help pilots in avoiding crashes under non-recoverable situations will spur its adoption during the forecast period,” says Abhay Singh, Lead Analyst, Aerospace & Defense, Technavio Research.
Hydraulic actuator segment is the largest market segment during the predicted period. Since hydraulic actuators help to operate wheel brakes, retractable landing gear, and constant-speed propellers, their utilization in aircraft will witness a rapid increase during the forecast period. Additionally, their ability to deliver high power without consuming too much space or weight will result in this market segment’s impressive market share of more than 38% until 2020.
The leading vendors in the global aviation actuation systems market include Honeywell, Moog, Parker Aerospace, Rockwell Collins, and UTC Aerospace Systems. This market is extremely competitive as the vendors compete on the basis of cost, product quality, reliability, and aftermarket service. To survive and succeed in this intensely competitive environment, the vendors have to provide cost-effective and high-quality actuators with latest technology and materials.
A more detailed analysis is available in the Technavio report, Global Aviation Actuation Systems Market 2016-2020.
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